Track market-moving stories before they get noisy

Griffon (GFF - Free Report) ended the recent trading session at $82.72, demonstrating a +2.26% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 1.18%. At the same time, the Dow added 0.66%, and the tech-heavy Nasdaq gained 1.96%.

Shares of the garage door and building products maker have appreciated by 11.16% over the course of the past month, outperforming the Conglomerates sector's gain of 2.17%, and the S&P 500's gain of 3.93%.

Investors will be eagerly watching for the performance of Griffon in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.99, showcasing a 19.51% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $412.91 million, down 32.5% from the year-ago period.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.16 per share and revenue of $1.98 billion, indicating changes of -8.67% and -21.45%, respectively, compared to the previous year.

Investors might also notice recent changes to analyst estimates for Griffon. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.51% lower. Griffon presently features a Zacks Rank of #4 (Sell).

From a valuation perspective, Griffon is currently exchanging hands at a Forward P/E ratio of 15.68. This valuation marks a discount compared to its industry average Forward P/E of 16.26.

Investors should also note that GFF has a PEG ratio of 1.35 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Diversified Operations industry had an average PEG ratio of 1.35.

The Diversified Operations industry is part of the Conglomerates sector. Currently, this industry holds a Zacks Industry Rank of 162, positioning it in the bottom 34% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

In the latest close session, Griffon (GFF - Free Report) was up +1.12% at $91.10. The stock outpaced the S&P 500's daily gain of 1.05%. On the other hand, the Dow registered a gain of 0.69%, and the technology-centric Nasdaq increased by 1.64%.

Coming into today, shares of the garage door and building products maker had gained 25.77% in the past month. In that same time, the Conglomerates sector gained 4.06%, while the S&P 500 gained 8.59%.

The investment community will be closely monitoring the performance of Griffon in its forthcoming earnings report. The company's upcoming EPS is projected at $0.99, signifying a 19.51% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $412.91 million, indicating a 32.5% downward movement from the same quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.16 per share and revenue of $1.98 billion. These totals would mark changes of -8.67% and -21.45%, respectively, from last year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Griffon. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.51% decrease. As of now, Griffon holds a Zacks Rank of #4 (Sell).

Investors should also note Griffon's current valuation metrics, including its Forward P/E ratio of 17.46. This signifies a premium in comparison to the average Forward P/E of 16.46 for its industry.

Investors should also note that GFF has a PEG ratio of 1.51 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Diversified Operations industry had an average PEG ratio of 1.51.

The Diversified Operations industry is part of the Conglomerates sector. Currently, this industry holds a Zacks Industry Rank of 168, positioning it in the bottom 32% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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NEW YORK--(BUSINESS WIRE)--Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) today announced it will release the Company’s fiscal second quarter results on Thursday, May 7, 2026, followed by a conference call at 8:30 AM ET.

The call can be accessed by dialing 1-877-407-0792 (U.S. participants) or 1-201-689-8263 (International participants). Callers should ask to be connected to the Griffon Corporation teleconference or provide conference ID number 13759508. Participants are encouraged to dial-in at least 10 minutes before the scheduled start time.

A replay of the call will be available starting on Thursday, May 7, 2026, at 11:30 AM ET by dialing 1-844-512-2921 (U.S.) or 1-412-317-6671 (International) and entering the conference ID number: 13759508. The replay will be available through Thursday, May 21, 2026, at 11:59 PM ET.

About Griffon Corporation

Griffon is a diversified management and holding company that conducts business through wholly-owned subsidiaries. Griffon oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. Griffon provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as divestitures. As long-term investors, we intend to continue to grow and strengthen our existing businesses, and to diversify further through investments in our businesses and acquisitions.

Griffon conducts its operations through two reportable segments:

Home and Building Products conducts its operations through Clopay Corporation (“Clopay”). Founded in 1964, Clopay is the largest manufacturer and marketer of garage doors and rolling steel doors in North America. Residential and commercial sectional garage doors are sold through professional dealers and leading home center retail chains throughout North America under the brands Clopay, Ideal, and Holmes. Rolling steel door and grille products designed for commercial, industrial, institutional, and retail use are sold under the Clopay, Cornell and Cookson brands. Consumer and Professional Products (“CPP”) is a global provider of branded consumer and professional tools; residential, industrial and commercial fans; home storage and organization products; and products that enhance indoor and outdoor lifestyles. CPP sells products globally through a portfolio of leading brands including AMES, since 1774, Hunter, since 1886, True Temper, and ClosetMaid. For more information on Griffon and its operating subsidiaries, please see the Company’s website at www.griffon.com.

More News From Griffon Corporation

Back to Newsroom

NEW YORK--(BUSINESS WIRE)--Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal 2026 second quarter ended March 31, 2026.

Revenue for the second quarter totaled $421.9 million, a 1% decrease compared to $426.7 million in the prior year quarter, due to decreased volume of 6% primarily driven by residential, partially offset by favorable price and mix of 5% driven by both residential and commercial.

Income from continuing operations totaled $46.9 million, or $1.03 per share, compared to $49.8 million, or $1.06 per share, in the prior year quarter. Excluding all items that affect comparability from both periods, adjusted income from continuing operations (a non-GAAP measure) was $48.1 million, or $1.05 per share, in the current year quarter compared to $49.5 million, or $1.05 per share, in the prior year quarter. For a reconciliation of income from continuing operations to adjusted income from continuing operations (a non-GAAP measure), and earnings per share from continuing operations to adjusted earnings per share from continuing operations (a non-GAAP measure), see the attached table.

Adjusted EBITDA from continuing operations for the second quarter was $97.8 million, a 4% decrease from the prior year quarter of $101.7 million, driven by the decreased revenue noted above, the unfavorable impact of decreased volume on overhead absorption, and increased material costs. For a definition of adjusted EBITDA and a reconciliation of net income to adjusted EBITDA (a non-GAAP measure), see the attached table.

“Our team delivered solid performance this quarter, and Griffon is on track for another strong year," said Ronald J. Kramer, Chairman and CEO of Griffon. "The strategic actions we announced in the quarter to streamline our business into a pure-play building products company are progressing well. Given our first half results, and continued confidence in our outlook, we are maintaining our financial guidance for the fiscal year."

"During our first half, we returned $72 million to shareholders through dividends and share repurchases while maintaining our net debt to EBITDA leverage," continued Mr. Kramer. "We will continue to follow our balanced capital allocation strategy to maintain our strong balance sheet while returning value to our shareholders."

Taxes

The Company reported pre-tax income from continuing operations for the quarters ended March 31, 2026 and 2025, and recognized effective tax rates of 27.8% and 26.3%, respectively. Excluding all items that affect comparability, the effective tax rates for the quarters ended March 31, 2026 and 2025 were 27.7% and 27.8%, respectively.

Balance Sheet and Capital Expenditures

As of March 31, 2026, the Company had cash and equivalents of $109.7 million and total debt outstanding of $1.4 billion, resulting in net debt of $1.3 billion. Leverage, as calculated in accordance with our credit agreement (see the attached table), was 2.4x net debt to EBITDA as of March 31, 2026 compared to 2.6x as of March 31, 2025 and 2.4x as of September 30, 2025. Free cash flow from continuing operations was $100.7 million and capital expenditures, net, were $17.6 million for the six month period ended March 31, 2026. At March 31, 2026, borrowing availability under the revolving credit facility was $436.8 million, subject to certain loan covenants. For a reconciliation and definition of free cash flow from continuing operations (a non-GAAP measure), to net cash provided by operating activities from continuing operations, see the attached table.

Share Repurchases

Share repurchases during the quarter ended March 31, 2026 totaled 0.4 million shares of common stock, for a total of $32.9 million, or an average of $78.03 per share. As of March 31, 2026, $247.0 million remained under the Board authorized share repurchase program. Since April 2023 and through March 31, 2026, the Company purchased 11.5 million shares of common stock or 20.1% of the outstanding shares, for a total of $610.9 million or an average of $53.21 per share.

Strategic Actions Update

On February 5, 2026, Griffon announced entering into a definitive agreement with ONCAP, the mid-market private equity platform of Onex Corporation (TSX:ONEX), to form a joint venture which will include the AMES U.S. and Canada businesses. In addition, Griffon announced the exploration of strategic alternatives for the AMES Australia and United Kingdom businesses, and the combination of Hunter Fan with the Home and Building Products (HBP) segment.

Griffon expects to close the joint venture with ONCAP by the end of June 2026. The strategic process for AMES Australia is active and ongoing, and Griffon is in the process of exiting the United Kingdom. Griffon expects these strategic actions to be completed by the end of the calendar year.

Starting with Griffon’s fiscal second quarter, AMES U.S., Canada, Australia, and UK are reported as discontinued operations, and Griffon reports the financial results of its continuing operations as a single segment.

2026 Outlook

Griffon's fiscal year 2026 outlook is unchanged from the first quarter, and is consistent with the expected contributions from the legacy HBP segment and Hunter Fan as included within Griffon’s guidance provided in November 2025.

Griffon expects fiscal 2026 revenue from continuing operations to be $1.8 billion. Adjusted EBITDA, presented to reflect Griffon's new reporting structure, is expected to be $458 million, excluding certain charges that affect comparability. Free cash flow from continuing operations, including capital expenditures of $50 million, is expected to exceed net income from continuing operations, with depreciation of $27 million and amortization of $15 million. Fiscal year 2026 interest expense is expected to be $93 million, excluding any interest income from the anticipated AMES joint venture. Griffon’s normalized tax rate is expected to be 28%.

Conference Call Information

The Company will hold a conference call today, May 7, 2026, at 8:30 AM ET.

The call can be accessed by dialing 1-877-407-0792 (U.S. participants) or 1-201-689-8263 (International participants). Callers should ask to be connected to the Griffon Corporation teleconference or provide conference ID number 13759508. Participants are encouraged to dial-in at least 10 minutes before the scheduled start time.

A replay of the call will be available starting on Thursday, May 7, 2026, at 11:30 AM ET by dialing 1-844-512-2921 (U.S.) or 1-412-317-6671 (International) and entering the conference ID number: 13759508. The replay will be available through Thursday, May 21, 2026, at 11:59 PM ET.

Forward-looking Statements

“Safe Harbor” Statements under the Private Securities Litigation Reform Act of 1995: All statements related to, among other things, income (loss), earnings, cash flows, revenue, changes in operations, operating improvements, the industries in which Griffon Corporation (the “Company” or “Griffon”) operates that are not historical are hereby identified as “forward-looking statements” and may be indicated by words or phrases such as “anticipates,” “supports,” “plans,” “projects,” “expects,” “believes,” "achieves,” “should,” “would,” “could,” “hope,” “forecast,” “management is of the opinion,” “may,” “will,” “estimates,” “intends,” “explores,” “opportunities,” the negative of these expressions, use of the future tense and similar words or phrases. Such forward-looking statements are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statements. These risks and uncertainties include, among others: current economic conditions and uncertainties in the housing, credit and capital markets; Griffon’s ability to achieve expected savings and improved operational results from cost control, restructuring, integration and disposal initiatives; the ability to identify and successfully consummate, and integrate, value-adding acquisition opportunities; increasing competition and pricing pressures in the markets served by Griffon; the ability of Griffon to expand into new geographic and/or product markets, and to anticipate and meet customer demands for new products and product enhancements and innovations; increases in the cost or lack of availability of raw materials such as steel, resin and wood, components or purchased finished goods, including any potential impact on costs or availability resulting from tariffs; changes in customer demand or loss of a material customer at Griffon; the potential impact of seasonal variations and uncertain weather patterns; political events or military conflicts that could impact the worldwide economy; a downgrade in Griffon’s credit ratings; changes in economic conditions in the United States ("U.S.") or internationally including inflation, interest rate and currency exchange fluctuations; the reliance on particular third party suppliers and manufacturers to meet customer demands; the relative mix of products and services, which impacts margins and operating efficiencies; short-term capacity constraints or prolonged excess capacity; unforeseen developments in contingencies, such as litigation, regulatory and environmental matters; Griffon’s ability to adequately protect and maintain the validity of patent and other intellectual property rights; the cyclical nature of certain products; possible terrorist threats and actions and their impact on the global economy; effects of possible IT system failures, data breaches or cyber-attacks; the impact of pandemics on the U.S. and the global economy, including business disruptions, reductions in employment and an increase in business and operating facility failures, specifically among our customers and suppliers; Griffon’s ability to service and refinance its debt; and the impact of recent and future legislative and regulatory changes, including, without limitation, changes in tax laws. Such statements reflect the views of the Company with respect to future events and are subject to these and other risks, as previously disclosed in the Company’s Securities and Exchange Commission filings. Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements speak only as of the date made. Griffon undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About Griffon Corporation

Griffon Corporation is a leading provider of residential and commercial building products. The Company is the largest North American manufacturer and marketer of garage doors under the Clopay, IDEAL and Holmes brands, and rolling steel door and grille products under the Clopay, Cornell, and Cookson brands. The Company is also a leading provider of residential, industrial, and commercial ceiling fans sold under the Hunter, Casablanca, and Jan Fan brands.

The AMES North America, Australia, and United Kingdom businesses are classified as discontinued operations.

For more information on Griffon, please see the Company’s website at www.griffon.com.

GRIFFON CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(in thousands, except per share data)

(Unaudited)

Three Months Ended March 31,

Six Months Ended March 31,

2026

2025

2026

2025

Revenue

$

421,860

$

426,684

$

876,120

$

870,137

Cost of goods and services

229,871

228,337

475,398

460,403

Gross profit

191,989

198,347

400,722

409,734

Selling, general and administrative expenses

104,643

107,461

213,963

214,507

Income from continuing operations

87,346

90,886

186,759

195,227

Other income (expense)

Interest expense

(21,137

)

(23,857

)

(43,130

)

(48,695

)

Interest income

4

241

241

339

Loss from debt extinguishment

—

—

(556

)

—

Other, net

(1,238

)

317

(2,616

)

586

Total other expense, net

(22,371

)

(23,299

)

(46,061

)

(47,770

)

Income before taxes from continuing operations

64,975

67,587

140,698

147,457

Provision for income taxes from continuing operations

18,038

17,782

38,189

38,516

Income from continuing operations

$

46,937

$

49,805

$

102,509

$

108,941

Discontinued operations:

Income (loss) from operations of discontinued operations

$

(37,770

)

$

11,050

$

(23,527

)

$

28,600

Provision (benefit) for income taxes

(10,151

)

4,093

(4,723

)

9,928

Income (loss) from discontinued operations

(27,619

)

6,957

(18,804

)

18,672

Net income

$

19,318

$

56,762

$

83,705

$

127,613

Basic earnings per common share:

Income from continuing operations

$

1.05

$

1.09

$

2.30

$

2.39

Income (loss) from discontinued operations

(0.62

)

0.15

(0.42

)

0.41

Basic earnings per common share

$

0.43

$

1.24

$

1.88

$

2.80

Basic weighted-average shares outstanding

44,616

45,658

44,636

45,598

Diluted earnings per common share:

Income from continuing operations

$

1.03

$

1.06

$

2.24

$

2.31

Income (loss) from discontinued operations

(0.60

)

0.15

(0.41

)

0.40

Diluted earnings per common share

$

0.42

$

1.21

$

1.83

$

2.70

Diluted weighted-average shares outstanding

45,690

46,900

45,727

47,226

Dividends paid per common share

$

0.22

$

0.18

$

0.44

$

0.36

Net income

$

19,318

$

56,762

$

83,705

$

127,613

Other comprehensive income (loss), net of taxes:

Foreign currency translation adjustments

1,020

2,970

4,621

(17,048

)

Pension and other post retirement plans

1,927

541

3,855

596

Change in cash flow hedges

(773

)

(1,094

)

(1,750

)

1,170

Total other comprehensive income (loss), net of taxes

2,174

2,417

6,726

(15,282

)

Comprehensive income, net

$

21,492

$

59,179

$

90,431

$

112,331

GRIFFON CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(Unaudited)

March 31,
2026

September 30,
2025

CURRENT ASSETS

Cash and equivalents

$

109,672

$

99,045

Accounts receivable, net of allowances of $5,999 and $5,641

200,906

196,957

Inventories

184,163

171,747

Prepaid and other current assets

39,308

42,079

Assets of discontinued operations held for sale

695,755

735,816

Total Current Assets

1,229,804

1,245,644

PROPERTY, PLANT AND EQUIPMENT, net

202,637

195,950

OPERATING LEASE RIGHT-OF-USE ASSETS

68,355

53,041

GOODWILL

191,253

191,253

INTANGIBLE ASSETS, net

349,975

363,955

OTHER ASSETS

24,249

26,191

Total Assets

$

2,066,273

$

2,076,034

CURRENT LIABILITIES

Notes payable and current portion of long-term debt

$

8,018

$

8,033

Accounts payable

84,805

57,663

Accrued liabilities

92,643

114,628

Current portion of operating lease liabilities

17,232

15,473

Liabilities of discontinued operations held for sale

226,923

250,390

Total Current Liabilities

429,621

446,187

LONG-TERM DEBT, net

1,394,836

1,404,276

LONG-TERM OPERATING LEASE LIABILITIES

55,201

40,453

OTHER LIABILITIES

92,168

111,146

Total Liabilities

1,971,826

2,002,062

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS’ EQUITY

Total Shareholders’ Equity

94,447

73,972

Total Liabilities and Shareholders’ Equity

$

2,066,273

$

2,076,034

GRIFFON CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(Unaudited)

Six Months Ended March 31,

2026

2025

CASH FLOWS FROM OPERATING ACTIVITIES - CONTINUING OPERATIONS:

Net income

$

83,705

$

127,613

Net (income) loss from discontinued operations

18,804

(18,672

)

Income from continuing operations

102,509

108,941

Adjustments to reconcile net income to net cash provided by operating activities - continuing operations:

Depreciation and amortization

19,581

19,091

Stock-based compensation

13,758

11,262

Provision (recovery) for losses on accounts receivable

216

(309

)

Amortization of debt discounts and issuance costs

2,008

2,053

Loss from debt extinguishment

556

—

Pension and other post-retirement non-cash charges

3,940

570

Deferred income tax provision (benefit)

(124

)

—

Change in assets and liabilities:

Increase in accounts receivable

(1,984

)

(5,757

)

Increase in inventories

(12,537

)

(11,096

)

Decrease in prepaid and other assets

797

6,463

Increase (decrease) in accounts payable, accrued liabilities and other liabilities

(9,899

)

9,434

Other changes

(507

)

(955

)

Net cash provided by operating activities - continuing operations

118,314

139,697

CASH FLOWS FROM INVESTING ACTIVITIES - CONTINUING OPERATIONS:

Acquisition of property, plant and equipment

(17,652

)

(25,938

)

Other, net

—

137

Net cash used in investing activities - continuing operations

(17,652

)

(25,801

)

CASH FLOWS FROM FINANCING ACTIVITIES - CONTINUING OPERATIONS:

Dividends paid

(21,218

)

(23,441

)

Purchase of shares for treasury

(64,459

)

(121,453

)

Proceeds from long-term debt

50,000

63,000

Payments of long-term debt

(62,012

)

(52,011

)

Other, net

(69

)

(27

)

Net cash used in financing activities - continuing operations

(97,758

)

(133,932

)

CASH FLOWS FROM DISCONTINUED OPERATIONS:

Net cash provided by operating activities

10,913

19,437

Net cash provided by (used in) investing activities

(2,148

)

12,341

Net cash used in financing activities

(60

)

(68

)

Net cash provided by discontinued operations

8,705

31,710

Effect of exchange rate changes on cash and equivalents

(982

)

1,709

NET INCREASE IN CASH AND EQUIVALENTS

10,627

13,383

CASH AND EQUIVALENTS AT BEGINNING OF PERIOD

99,045

114,438

CASH AND EQUIVALENTS AT END OF PERIOD

$

109,672

$

127,821

Supplemental Disclosure of Non-Cash Flow Information:

Capital expenditures in accounts payable

$

2,035

$

1,150

Griffon uses adjusted income from continuing operations, and the related adjusted earnings per share from continuing operations as key metrics in evaluating performance. These key metrics are non-GAAP measures that exclude the impact of retirement plan events, non-cash impairment charges, loss from debt extinguishment, acquisition related expenses and discrete and certain other tax items, as well as other items that may affect comparability, as applicable. Griffon believes this information is useful to investors. The following table provides a reconciliation of net income to income from continuing operations, to adjusted income from continuing operations and earnings per share from continuing operations, to adjusted earnings per share from continuing operations:

For the Three Months Ended
March 31,

For the Six Months Ended
March 31,

2026

2025

2026

2025

(in thousands, except per share data)

(Unaudited)

  Net income

$

19,318

$

56,762

$

83,705

$

127,613

Less: Income (loss) from discontinued operations

(27,619

)

6,957

(18,804

)

18,672

Income from continuing operations

46,937

49,805

102,509

108,941

      Adjusting items:

      Impact of retirement plan events(1)

1,609

—

3,218

—

Loss from debt extinguishment

—

—

556

—

Strategic review - retention and other

—

889

—

1,778

Tax impact of above items(2)

(384

)

(219

)

(900

)

(439

)

Discrete and certain other tax provisions (benefits), net(3)

(14

)

(1,006

)

215

(1,134

)

      Adjusted income from continuing operations

$

48,148

$

49,469

$

105,598

$

109,146

      Earnings per common share from continuing operations

$

1.03

$

1.06

$

2.24

$

2.31

      Adjusting items, net of tax:

      Impact of retirement plan events(1)

0.03

—

0.05

—

Loss from debt extinguishment

—

—

0.01

—

Strategic review - retention and other

—

0.01

—

0.03

Discrete and certain other tax provisions (benefits), net(3)

—

(0.02

)

—

(0.02

)

      Adjusted earnings per common share from continuing operations

$

1.05

$

1.05

$

2.31

$

2.31

      Diluted weighted-average shares outstanding

45,690

46,900

45,727

47,226

Note: Due to rounding, the sum of earnings per common share and adjusting items, net of tax, may not equal adjusted earnings per common share. (1) For the three and six months ended March 31, 2026, the impact of retirement plan events relates to non-cash charges of $1.6 million and $3.2 million included in Other, net associated with the establishment of a retiree medical plan. The Company will recognize a non-cash charge related to such plan of $5.4 million ratably over the first 10 months of fiscal 2026.

  (2) The tax impact for the above reconciling adjustments from GAAP net income to non-GAAP adjusted income from continuing operations, and the related adjusted EPS from continuing operations, is determined by comparing the Company's tax provision, including the reconciling adjustments, to the tax provision excluding such adjustments.

  (3) Discrete and certain other tax provisions (benefits) primarily relate to the impact of a rate differential between the statutory and annual effective tax rates on items impacting the quarter.

Griffon uses adjusted EBITDA as a key metric in evaluating performance. Adjusted EBITDA, a non-GAAP measure, is defined as income before taxes from continuing operations, excluding interest income and expense, depreciation and amortization, strategic review charges, and non-cash impairment charges, as well as other items that may affect comparability, as applicable. Griffon believes this information is useful to investors. The following tables provides a reconciliation of net income to adjusted EBITDA:

For the Three Months Ended March 31,

For the Six Months Ended March 31,

(in thousands) 

2026

2025

2026

2025

Net income

$

19,318

$

56,762

$

83,705

$

127,613

Less: Income (loss) from discontinued operations

(27,619

)

6,957

(18,804

)

18,672

Income from continuing operations

46,937

49,805

102,509

108,941

Net interest expense

21,133

23,616

42,889

48,356

Depreciation and amortization

10,063

9,593

19,581

19,091

Provision for income taxes

18,038

17,782

38,189

38,516

Impact of retirement plan events

1,609

—

3,218

—

Loss from debt extinguishment

—

—

556

—

Strategic review - retention and other

—

889

—

1,778

Adjusted EBITDA, continuing operations

$

97,780

$

101,685

$

206,942

$

216,682

Griffon believes free cash flow ("FCF", a non-GAAP measure) from continuing operations is a useful measure for investors because it demonstrates the Company's ability to generate cash from operations for purposes such as repaying debt, funding acquisitions and paying dividends. FCF from continuing operations is defined as net cash provided by operating activities from continuing operations less capital expenditures, net of proceeds. The following table provides a reconciliation of net cash provided by operating activities from continuing operations to FCF from continuing operations:

For the Six Months Ended March 31,

(in thousands)

2026

2025

Net cash provided by operating activities - continuing operations

$

118,314

$

139,697

Acquisition of property, plant and equipment

(17,652

)

(25,938

)

FCF - continuing operations

$

100,662

$

113,759

Net debt to EBITDA (Leverage ratio), a non-GAAP measure, is a key financial measure that is used by management to assess the borrowing capacity of the Company. The Company has defined its net debt to EBITDA leverage ratio as net debt (total principal debt outstanding net of cash and equivalents) divided by the sum of trailing twelve-month (“TTM”) adjusted EBITDA (as defined above) and TTM stock-based compensation expense. The following table provides a calculation of our net debt to EBITDA leverage ratio as calculated per our credit agreement:

(in thousands)

March 31,
2026

Cash and equivalents

$

109,672

Notes payable and current portion of long-term debt

$

8,018

Long-term debt, net of current maturities

1,394,836

Debt discount/premium and issuance costs

8,939

Total gross debt - continuing basis

1,411,793

Discontinued operations

332

Total gross debt including discontinued operations

$

1,412,125

Debt, net of cash and equivalents

$

1,302,453

TTM adjusted EBITDA

$

519,677

TTM stock-based compensation, including discontinued operations

27,828

TTM EBITDA, per debt compliance(1)

$

547,505

Leverage ratio

2.4x

______________________________ 

(1) Griffon defines EBITDA per bank compliance as operating results including discontinued operations and excluding interest income and expense, income taxes, depreciation and amortization, restructuring charges, debt extinguishment, net and acquisition related expenses, as well as other items that may affect comparability, as applicable, plus stock based compensation. See following table for calculation of TTM EBITDA, per debt compliance for the six months ended March 31, 2026. For the six months ended March 31, 2025 and year ended September 30, 2025, see the Company's previously reported earnings releases on Form 8-K furnished to the SEC.

The following table provides a reconciliation of adjusted EBITDA including stock-based compensation to TTM EBITDA, per debt compliance:

Year ended September 30,

For the Six Months Ended March 31,

TTM March 31,

2025(1)

2026(2)

2025(1)

2026

(in thousands)

Adjusted EBITDA

$

522,293

$

247,101

$

249,717

$

519,677

Add: Stock-based compensation expense

25,483

14,238

11,893

27,828

EBITDA, per debt compliance

$

547,776

$

261,339

$

261,610

$

547,505

______________________________ (1) As previously reported in the Company's earnings release on Form 8-K furnished to the SEC.

(2) The following table provides a reconciliation of adjusted EBITDA from continuing operations, including stock compensation to EBITDA, per debt compliance for the six months ended March 31, 2026:

For the Six Months Ended March 31,

(in thousands)

2026

Adjusted EBITDA:

Continuing operations

$

206,942

Discontinued operations

40,159

Total

$

247,101

Stock-based Compensation:

Continuing operations

13,758

Discontinued operations

480

Total

14,238

EBITDA, per debt compliance

$

261,339

The following tables provide a reconciliation of selling, general and administrative expenses for items that affect comparability for the three and six months ended March 31, 2026 and 2025:

For the Three Months Ended March 31.

For the Six Months Ended March 31,

(in thousands)

2026

2025

2026

2025

Selling, general and administrative expenses, as reported

$

104,643

$

107,461

$

213,963

$

214,507

% of revenue

24.8

%

25.2

%

24.4

%

24.7

%

Adjusting items:

Strategic review - retention and other

—

(889

)

—

(1,778

)

Selling, general and administrative expenses, as adjusted

$

104,643

$

106,572

$

213,963

$

212,729

% of revenue

24.8

%

25.0

%

24.4

%

24.4

%

Griffon Corporation (GFF) Q2 2026 Earnings Call Transcript

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Innovative clear-to-opaque window panels offer privacy on-demand for residential and commercial spaces

, /PRNewswire/ -- Clopay Corporation, a wholly-owned subsidiary of Griffon Corporation (NYSE: GFF) and North America's largest manufacturer of residential and commercial garage doors, has introduced C-Power™ enabled Click-to-Conceal™ Panels on its aluminum and glass Avante® and Avante® Sleek doors as well as commercial Models 904 and 906.

C-Power enabled doors use proprietary technology that continuously delivers power directly to the garage door sections, enabling the Click-to-Conceal Panels to switch from clear to opaque using a wireless remote.

Designed for both luxury homes and commercial environments, C-Power enabled Click-to-Conceal Panels transform the garage door into a responsive design element that adapts to the user's changing needs throughout the day, offering daylight and outdoor views when desired and privacy and security when needed.

The Ultimate Flex: Light, Privacy, and Control

For residential design, the door opens up new ways to use the garage as a flexible, light-filled extension of the home such as an office, gym or entertaining area. For builders and architects, it delivers an innovative, future-focused solution that elevates both the visual and functional appeal of a home.

"As garages continue to evolve into multi-use spaces, the door itself is becoming part of the design conversation. Traditional glass doors are a popular design choice because of their ability to connect indoor and outdoor spaces, yet they can raise concerns about visibility and security," said Heather Bender, Clopay's Senior Director of Product Marketing. "C-Power enabled Click-to-Conceal Panels provide a two-in-one solution previously unavailable on exterior-rated garage doors. Clients get the modern, open look they want, with built-in privacy control."

Performance-Driven Solutions for Commercial Projects

The same Click-to-Conceal Panels support a wide range of applications in commercial environments.

Automotive showrooms can display vehicles during business hours and obscure them after closing. Retailers can showcase merchandise while maintaining the option to conceal products to reduce theft risk. In restaurants, hospitality venues, event spaces and schools, the glass panels balance daylight, glare and safety, to satisfy both visual and functional design requirements.

"The ability to shift between clear and opaque adds operational flexibility without installing separate shading systems or curtains that can impede sight lines and require ongoing maintenance," Bender said.

The benefits don't stop at aesthetics. Energy efficiency and smart design are at the core of this product. When the glass is clear, it floods the space with natural light, reducing the need for artificial lighting during the day. Opaque panels block UV rays and limit heat gain to help regulate indoor temperatures and protect interiors from fading.

For added security, the panels automatically default to opaque when the power is off, keeping what's inside out of sight, and change to clear when activated.

Engineered for Durability and Clean Design

C-Power enabled Click-to-Conceal Panels are housed in a durable, weather-resistant 2-1/8" thick aluminum frame with a fully integrated power system. The wiring is concealed within the door sections for a clean appearance and simple installation.

The residential Avante and commercial Model 904 doors have a rectangular grid pattern while the Avante Sleek and Model 906 doors feature long, narrow horizontal panels with minimal stiles for wider, unobstructed views. The frames are available with or without insulation in multiple colors, including anodized finishes. Built-in WindCode® reinforcement is offered.

Glazing options include Clear/White Opaque and Gray Clear/Gray Opaque laminated or insulated tempered glass.

A Platform for Architects and Builders

With C-Power enabling technology, Clopay has expanded the role of the garage door in residential and commercial architecture. By combining dynamic glass, durable materials, and trusted performance, the Avante and Avante Sleek residential doors and commercial Models 904 and 906 offer a cohesive solution for projects that demand flexibility, privacy, and clean design.

"Clopay full-view garage doors with C-Power enabled Click-to-Conceal Panels offer the perfect blend of modern style and functionality," added Bender. "This is responsive architecture -- technology that enhances both form and function. It's a signature element that elevates any project."

For more information, visit www.clopaydoor.com.

About Clopay Corporation

Founded in 1964, Clopay Corporation ("Clopay") is the largest manufacturer and marketer of garage doors and rolling steel doors in North America. The company sells residential and commercial overhead sectional doors through leading home center retail chains and a network of over 3,000 independent professional dealers under the brands Clopay®, Ideal Door®, and Holmes Garage Door Company®. Rolling steel doors and grilles for commercial, industrial, institutional, and retail use are sold under the Cornell®, Cookson®, and Clopay® brands.

Clopay is headquartered in Mason, Ohio, and operates four manufacturing facilities and 57 distribution centers. For more information, visit www.clopaydoor.com.

About Griffon Corporation

Griffon Corporation is a leading provider of residential and commercial building products. The Company is the largest North American manufacturer and marketer of garage doors under the Clopay, IDEAL and Holmes brands, and rolling steel door and grille products under the Clopay, Cornell, and Cookson brands. The Company is also a leading provider of residential, industrial, and commercial ceiling fans sold under the Hunter, Casablanca, and Jan Fan brands. 

The AMES North America, Australia, and United Kingdom businesses are classified as discontinued operations. 

For more information on Griffon, please see the Company's website at www.griffon.com.

Forward-Looking Statements 

"Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995: All statements related to, among other things, income (loss), earnings, cash flows, revenue, changes in operations, operating improvements, industries in which Griffon Corporation (the "Company" or "Griffon") operates and the United States and global economies that are not historical are hereby identified as "forward-looking statements," and may be indicated by words or phrases such as "anticipates," "supports," "plans," "projects," "expects," "believes," "achieves", "should," "would," "could," "hope," "forecast," "management is of the opinion," "may," "will," "estimates," "intends," "explores," "opportunities," the negative of these expressions, use of the future tense and similar words or phrases. Such forward-looking statements are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statements. These risks and uncertainties include, among others: current economic conditions and uncertainties in the housing, credit and capital markets; Griffon's ability to achieve expected savings and improved operational results from cost control, restructuring, integration and disposal initiatives (including the expanded CPP global outsourcing strategy announced in May 2023); the ability to identify and successfully consummate, and integrate, value-adding acquisition opportunities; increasing competition and pricing pressures in the markets served by Griffon's operating companies; the ability of Griffon's operating companies to expand into new geographic and product markets, and to anticipate and meet customer demands for new products and product enhancements and innovations; increases in the cost or lack of availability of raw materials such as steel, resin and wood, components or purchased finished goods, including any potential impact on costs or availability resulting from tariffs; changes in customer demand or loss of a material customer at one of Griffon's operating companies; the potential impact of seasonal variations and uncertain weather patterns on certain of Griffon's businesses; political events or military conflicts that could impact the worldwide economy; a downgrade in Griffon's credit ratings; changes in international economic conditions including inflation, interest rate and currency exchange fluctuations; the reliance by certain of Griffon's businesses on particular third party suppliers and manufacturers to meet customer demands; the relative mix of products and services offered by Griffon's businesses, which impacts margins and operating efficiencies; short-term capacity constraints or prolonged excess capacity; unforeseen developments in contingencies, such as litigation, regulatory and environmental matters; Griffon's ability to adequately protect and maintain the validity of patent and other intellectual property rights; the cyclical nature of the businesses of certain of Griffon's operating companies; possible terrorist threats and actions and their impact on the global economy; effects of possible IT system failures, data breaches or cyber-attacks; the impact of pandemics, such as COVID-19, on the U.S. and the global economy, including business disruptions, reductions in employment and an increase in business and operating facility failures, specifically among our customers and suppliers; Griffon's ability to service and refinance its debt; and the impact of recent and future legislative and regulatory changes, including, without limitation, changes in tax laws. Such statements reflect the views of the Company with respect to future events and are subject to these and other risks, as previously disclosed in the Company's Securities and Exchange Commission filings. Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements speak only as of the date made. Griffon undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. 

SOURCE Clopay Corporation

On May 19, 2026, Griffon Corp GFF shares fell 3.7% to $79.78, continuing a downward trend that has seen the stock decline 9.1% over the past month. Over the last year, GFF has experienced a modest gain of 10.4%, but it remains significantly below its 52-week high of $97.58 and above its 52-week low of $65.01.

GF Value™ verdict: Current price is $79.78, which is 19.6% above the GF Value™ of $66.72.GF Score™ of 69/100 indicates an above-average overall rating.Insider activity shows that insiders bought $0.1 million worth of shares in the last three months, suggesting confidence in the company's future. Is GFF Overvalued or Undervalued? Griffon Corp's current price of $79.78 is significantly above its GF Value™ estimate of $66.72, indicating that the stock is approximately 19.6% overvalued. The GF Valuation label categorizes GFF as "Modestly Overvalued," which suggests that the current market price may not reflect the company's intrinsic value based on its historical trading multiples, past business growth, and future performance estimates. With a margin of safety absent, investors may face risks if the stock price adjusts to align more closely with its intrinsic value.

Given the GF Value™ assessment, GFF's current overvaluation could expose investors to a higher risk of price correction. It is essential to consider the potential implications of this overvaluation before making investment decisions, particularly in a fluctuating market.

How Does GFF's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 613.7x 17.8x Forward P/E 15.4x - The current P/E (TTM) of 613.7x is dramatically above the 5-year median P/E of 17.8x, indicating that GFF is trading at a premium compared to its historical valuation. This stark contrast aligns with the GF Value™ verdict, which suggests that GFF is overvalued. The forward P/E of 15.4x does indicate a potential for improved valuation in the future, but the current P/E analysis confirms the risks associated with investing at this price point.

What Does GFF's GF Score™ Tell Us? Metric Rating GF Score™ 69/100 Financial Strength 4/10 Profitability 7/10 Growth 2/10 Valuation 5/10 Momentum 8/10 The GF Score™ of 69/100 illustrates that Griffon Corp possesses an above-average overall rating. The strongest area is its profitability, rated 7/10, which indicates a solid ability to generate earnings relative to its peers. However, the growth rank of 2/10 suggests that GFF may face challenges in expanding its revenue and profit in the near future. The financial strength rating of 4/10 also highlights potential weaknesses in the company's balance sheet, which may limit its financial flexibility.

What Are Insiders Doing with GFF Stock? Recent insider activity at Griffon Corp has seen insiders purchasing a total of $0.1 million worth of shares over the last three months, with no selling reported. This buying trend may indicate that insiders believe the company's stock is undervalued or that they expect future growth. Such activity can be a positive signal for investors, suggesting confidence in GFF's ongoing performance and strategic direction.

What This Means for Investors Based on the GF Value™ analysis, Griffon Corp GFF is currently considered overvalued. With a market price of $79.78 and a GF Value™ of $66.72, the stock appears to be trading higher than its intrinsic value, presenting potential risks for investors in the current market environment.

For the complete analysis, visit the Griffon Corp GFF stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is GFF's GF Score™?

GFF's GF Score™ is 69/100, indicating an above-average rating based on several key financial metrics.

Is GFF overvalued or undervalued?

GFF is currently overvalued, with a market price of $79.78 compared to a GF Value™ of $66.72.

What is GFF's P/E ratio?

GFF's P/E (TTM) is 613.7x, which is significantly higher than its 5-year median P/E of 17.8x, confirming its current overvaluation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

TORONTO & NEW YORK--(BUSINESS WIRE)--ONCAP, the lower mid-market private equity platform of Onex Corporation (TSX:ONEX), and Griffon Corporation (NYSE: GFF) (“Griffon”) announced today the launch of Veritage Brands (“Veritage”), a leading global provider of hand tools, home organization solutions, and lawn and garden products for professionals and consumers.

Veritage Brands was formed through a joint venture of Bellota Tools, Corona, and Burgon & Ball, formerly subsidiaries of the Venanpri Group (“Venanpri”), majority-owned by ONCAP, and Griffon’s AMES Companies (“AMES”) businesses in North America.

“Veritage Brands brings together global leaders in professional and consumer tools, home storage and organization solutions, and lawn and garden products,” said Michael Lay, Executive Chair at ONCAP. “Veritage Brands will be able to leverage the strengths of both organizations while streamlining operations and capturing the benefits of economies of scale. We are excited to work with our partners at Griffon to realize this vision.”

Veritage is comprised of leading professional and consumer brands including AMES, Bellota, Burgon & Ball, ClosetMaid, Corona, Garant, Razor-Back, and True Temper, serving customers in North, Central and South America, and Europe, and with major operating facilities located in the United States, Spain, Canada, Mexico, and Colombia.

Veritage is managed as a subsidiary of Venanpri, which, together with other affiliates of ONCAP, hold a 57% equity interest. Griffon Corporation participates in the governance and oversight of the joint venture as a 43% equity holder. Venanpri’s Agrisolutions business, including the Bellota Agrisolutions and Ingersoll brands, are not part of Veritage and will continue to be wholly owned by Venanpri.

“Veritage Brands brings together trusted, iconic brands that are highly respected in their home markets and share an almost 300-year legacy,” said Ronald J. Kramer, Chairman and CEO of Griffon. “The formation of Veritage Brands creates a leading provider of professional and consumer tools, home storage and organization solutions, and lawn and garden products with critical scale and global reach.”

Canaccord Genuity LLC acted as financial advisor and Torys LLP acted as legal counsel to ONCAP and Venanpri. Goldman Sachs & Co. LLC acted as financial advisor and Dechert LLP acted as legal counsel to Griffon Corporation.

Forward Looking Statements

This press release may contain, without limitation, statements concerning possible or assumed future operations, performance or results preceded by, followed by or that include words such as “believes”, “expects”, “potential”, “anticipates”, “estimates”, “intends”, “plans” and words of similar connotation, which would constitute forward-looking statements. Forward-looking statements are not guarantees. The reader should not place undue reliance on forward-looking statements and information because they involve significant and diverse risks and uncertainties that may cause actual operations, performance, or results to be materially different from those indicated in these forward-looking statements.

About ONCAP

Founded in 2000, ONCAP is the dedicated lower mid-market private equity platform of Onex Corporation, committed to investing in and partnering with North American headquartered businesses and their management teams in our core sectors of emphasis. Today, ONCAP operates with a team of 35 employees managing $3.7 billion in assets across offices in Toronto and New York. For more information on ONCAP and Onex, visit www.oncap.com and www.onex.com.

About ONEX

Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, banks, insurance companies, family offices and high-net-worth individuals. In total, Onex has approximately $55.8 billion in assets under management, of which $9.4 billion is Onex’ own investing capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.

Onex is listed on the Toronto Stock Exchange under the symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedarplus.ca.

About Griffon Corporation

Griffon Corporation is a leading provider of residential and commercial building products. The Company is the largest North American manufacturer and marketer of garage doors under the Clopay, IDEAL and Holmes brands, and rolling steel door and grille products under the Clopay, Cornell, and Cookson brands. The Company is also a leading provider of residential, industrial, and commercial ceiling fans sold under the Hunter, Casablanca, and Jan Fan brands.

AMES Australia is classified as a discontinued operation.

For more information on Griffon, please see the Company’s website at www.griffon.com.

Griffon (GFF - Free Report) closed the last trading session at $90.78, gaining 9.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $119 indicates a 31.1% upside potential.

The mean estimate comprises five short-term price targets with a standard deviation of $8.94. While the lowest estimate of $115.00 indicates a 26.7% increase from the current price level, the most optimistic analyst expects the stock to surge 48.7% to reach $135.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.

However, an impressive consensus price target is not the only factor that indicates a potential upside in GFF. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Here's Why There Could be Plenty of Upside Left in GFFThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current year, one estimate has moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 1.3%.

Moreover, GFF currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much GFF could gain, the direction of price movement it implies does appear to be a good guide.

Axcelis' Q4 earnings suggest that the memory segment could be a major growth driver over the coming years. Axcelis' latest order from a leading North American memory maker implies that it has penetrated the three largest memory makers, exposing it to their ongoing capacity expansion projects. I'm estimating Axcelis' memory segment system sales at nearly $625 million through 2028.

In the latest trading session, Axcelis Technologies (ACLS - Free Report) closed at $110.37, marking a +1.97% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.11%. At the same time, the Dow lost 0.56%, and the tech-heavy Nasdaq gained 0.35%.

Shares of the semiconductor services company have appreciated by 27.07% over the course of the past month, outperforming the Computer and Technology sector's gain of 0.88%, and the S&P 500's gain of 0.51%.

The upcoming earnings release of Axcelis Technologies will be of great interest to investors. The company is forecasted to report an EPS of $0.71, showcasing a 31.73% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $195.05 million, up 1.29% from the prior-year quarter.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.54 per share and revenue of $840.2 million. These totals would mark changes of -27.46% and +0.14%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for Axcelis Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Axcelis Technologies boasts a Zacks Rank of #5 (Strong Sell).

In terms of valuation, Axcelis Technologies is presently being traded at a Forward P/E ratio of 30.58. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 30.58.

We can also see that ACLS currently has a PEG ratio of 10.44. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Electronics - Manufacturing Machinery industry was having an average PEG ratio of 5.77.

The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 68, positioning it in the top 28% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Posted by Defense World Staff on Apr 14th, 2026

Eagle Bay Advisors LLC cut its position in Axcelis Technologies, Inc. (NASDAQ:ACLS – Free Report) by 72.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,200 shares of the semiconductor company’s stock after selling 8,295 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Axcelis Technologies were worth $257,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Salomon & Ludwin LLC acquired a new position in Axcelis Technologies in the 3rd quarter valued at $25,000. Close Asset Management Ltd acquired a new position in Axcelis Technologies in the 3rd quarter valued at $27,000. Advisory Services Network LLC acquired a new position in Axcelis Technologies in the 3rd quarter valued at $32,000. Caitlin John LLC acquired a new position in Axcelis Technologies in the 3rd quarter valued at $32,000. Finally, EverSource Wealth Advisors LLC grew its stake in Axcelis Technologies by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 267 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets ACLS has been the topic of a number of research analyst reports. B. Riley Financial lowered their target price on shares of Axcelis Technologies from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Axcelis Technologies in a research note on Monday, December 22nd. Wall Street Zen lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Bank of America raised their target price on shares of Axcelis Technologies from $90.00 to $100.00 and gave the company an “underperform” rating in a research note on Tuesday, January 13th. Finally, Zacks Research lowered shares of Axcelis Technologies from a “hold” rating to a “strong sell” rating in a research note on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $101.50.

Read Our Latest Research Report on Axcelis Technologies

Insider Buying and Selling at Axcelis Technologies In other Axcelis Technologies news, Director Jorge Titinger sold 1,000 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $80.00, for a total value of $80,000.00. Following the sale, the director directly owned 6,477 shares in the company, valued at $518,160. This trade represents a 13.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Russell Low sold 1,244 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $94.06, for a total transaction of $117,010.64. Following the completion of the sale, the chief executive officer owned 132,282 shares in the company, valued at $12,442,444.92. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.48% of the company’s stock.

Axcelis Technologies Stock Performance NASDAQ ACLS opened at $110.74 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.77 and a quick ratio of 3.11. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 13.19 and a beta of 1.65. The company’s fifty day moving average is $89.63 and its two-hundred day moving average is $87.31. Axcelis Technologies, Inc. has a 52-week low of $43.00 and a 52-week high of $112.82.

Axcelis Technologies (NASDAQ:ACLS – Get Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.37. The company had revenue of $238.33 million for the quarter, compared to analyst estimates of $215.04 million. Axcelis Technologies had a net margin of 14.33% and a return on equity of 13.73%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the business posted $1.54 EPS. Axcelis Technologies has set its Q1 2026 guidance at 0.710-0.710 EPS. Equities research analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

Axcelis Technologies Company Profile (Free Report)

Axcelis Technologies, Inc is a leading developer and manufacturer of ion implantation and cleaning equipment used in the fabrication of semiconductor chips. The company specializes in high-current, medium-current and high-energy ion implantation systems, which are critical for introducing precisely controlled dopants into silicon wafers. Axcelis also offers plasma-based cleaning and dry strip tools that support advanced process nodes in logic, memory and power device manufacturing.

The company’s product portfolio encompasses single-wafer and multi-wafer cluster tools designed to deliver high throughput, accuracy and uniformity for semiconductor process steps.

Read More Five stocks we like better than Axcelis Technologies Want to see what other hedge funds are holding ACLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axcelis Technologies, Inc. (NASDAQ:ACLS – Free Report).

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On April 20, 2026, Axcelis Technologies Inc ACLS shares rose 10.3% to a current price of $131.02. This increase comes amid a significant upward trend in the stock's performance, with the price having ranged from a 52-week low of $43.00 to a high of $132.20 over the past year.

GF Value™ verdict: Current price is $131.02 vs GF Value™ of $87.15, indicating the stock is 50.3% overvalued.GF Score™: 89/100, which suggests a strong overall performance in key areas.Notable signal: Insider activity shows that insiders sold $0.3M worth of stock in the last three months with no buying reported. Is ACLS Overvalued or Undervalued? Axcelis Technologies Inc ACLS is currently trading at $131.02, a substantial premium over its GF Value™ of $87.15, which indicates that the stock is 50.3% overvalued. The GF Valuation label classifies ACLS as significantly overvalued, suggesting that investors may face risks if they enter the stock at this price point. The significant margin of safety is absent, meaning that the current valuation does not provide a buffer against potential declines in the stock price.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given the current overvaluation, investors should consider the inherent risks of investing in a stock trading significantly above its calculated intrinsic value.

How Does ACLS's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 34.6x 18.4x Forward P/E 35.9x N/A The current P/E ratio of 34.6x is 88% above its 5-year median P/E of 18.4x, indicating that ACLS is trading at a significantly higher valuation compared to its historical averages. This analysis reinforces the GF Value™ verdict that the stock is overvalued, as the elevated P/E ratio suggests that investors are paying a premium relative to past earnings, contributing to the risk associated with its current price level.

What Does ACLS's GF Score™ Tell Us? Metric Rating GF Score™ 89/100 Financial Strength 9/10 Profitability 9/10 Growth 7/10 Valuation 5/10 Momentum 9/10 The GF Score™ of 89/100 indicates a strong overall performance for ACLS, particularly in Financial Strength and Profitability, where it scored 9/10. However, its Valuation score of 5/10 signals a potential concern, as it reflects the stock's overvaluation relative to its intrinsic value. The high Momentum score of 9/10 shows that the stock has been performing well recently, which may attract momentum investors, but the underlying valuation remains a critical factor to consider.

What Are Insiders Doing with ACLS Stock? Insider activity for Axcelis Technologies Inc has shown that insiders sold $0.3 million worth of shares over the last three months, with no insider purchases reported during this period. This selling activity may suggest a lack of confidence from insiders regarding the stock's current price level, which could be a red flag for potential investors. The absence of insider buying further emphasizes the concerns surrounding the stock's valuation.

What This Means for Investors Based on the GF Value™ assessment, Axcelis Technologies Inc ACLS is currently overvalued. The significant premium over its intrinsic value, combined with the stock's elevated P/E ratios and recent insider selling, indicates that caution should be exercised for potential investments in the company at this time.

For the complete analysis, visit the Axcelis Technologies Inc ACLS stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is ACLS's GF Score™?

ACLS has a GF Score™ of 89/100, indicating a strong overall performance in key metrics that have been associated with higher long-term returns.

Is ACLS overvalued or undervalued?

According to GF Value™, ACLS is overvalued, with its current price of $131.02 being significantly higher than the estimated fair value of $87.15.

What is ACLS's P/E ratio?

The P/E ratio for ACLS is currently 34.6x, which is substantially higher than its 5-year median P/E of 18.4x, indicating that the stock is trading at a premium compared to its historical valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

, /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry will release financial results for the first quarter of 2026 after market close on Thursday, May 7, 2026.

The Company will host a call to discuss the results for the first quarter of 2026 on Thursday, May 7, 2026, at 5:00 p.m. ET. The call will be available via webcast that can be accessed through the Investors page of Axcelis' website at www.axcelis.com, or by registering as a participant here: https://register-conf.media-server.com/register/BIabf144ee757c4fccaceea99cf3cea2c9 Webcast replays will be available for 30 days following the call.

About Axcelis:

Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 45 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.

CONTACTS:

Investor Relations Contact:
David Ryzhik
Senior Vice President and Interim CFO
Telephone: (978) 787-2352
Email: [email protected]

Press/Media Relations Contact:
Maureen Hart
Senior Director, Corporate & Marketing Communications
Telephone: (978) 787-4266
Email: [email protected]

SOURCE Axcelis Technologies, Inc.

, /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced today it will participate in the Advanced Semiconductor Manufacturing Conference (ASMC) taking place May 11 - 14, 2026, at the Hilton Albany in Albany, New York. ASMC brings together manufacturers, equipment and materials suppliers, and academia to solve manufacturing challenges with innovative strategies and methodologies. 

Axcelis technologists and collaborators will present during the technical forum on May 13 in Session 9: Equipment Optimization, including:

MUSIC to Reduce Defects and Improve Throughput on Implants for SiC MOSFETs
Presented by HC Jayashankar, ST Microelectronics
Coauthors: Bala Subbu, Jaganathan Sampathkumar (ST Microelectronics); Leonard M. Rubin, Wanchun Zhang, James Thomas, JunSheng Chan, Dwight Roh, Fulvio Mazzamuto (Axcelis Technologies)
  Analysis of Resistance Performance of High Dose Boron Doping
Presented by Bohesharvind N. Murthi, Infineon Technologies (Kulim) Pte. Ltd
Coauthors: Chea Hui Lee (Infineon Technologies); Hank Chen, Wan Chun Zhang, Leonard M. Rubin (Axcelis Technologies) Axcelis is also sponsoring ASMC's Opening Reception and the Women in Semiconductors (WiS) Conference, which is collocated with ASMC, on May 14.  The WiS Conference will feature a panel discussion, "Empowerment in Action: Real Strategies for Women's Success", including Axcelis' Data Scientist Julia Okvath. The Conference and panel discussion are open to all.

"ASMC is an important forum for advancing manufacturing innovation," said Russell Low, President and CEO of Axcelis. "We are especially pleased to share our progress on MUSIC™, our new, patented Multiple Steps Implant Chain technique. This innovative technique leverages the architecture of the Axcelis Purion beamline to implant a sequence of recipes rather than running them individually, resulting in a significant throughput advantage and reduced cost per wafer."

For more information on the event, visit the conference website at https://www.semi.org/en/connect/events/advanced-semiconductor-manufacturing-conference-asmc.

About Axcelis:
Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 45 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.

CONTACTS:

Investor Relations Contact:
David Ryzhik
Senior Vice President and Interim Chief Financial Officer
Telephone: (978) 787-2352
Email: [email protected]

Press/Media Relations Contact:
Maureen Hart
Senior Director, Corporate & Marketing Communications
Telephone: (978) 787-4266
Email: [email protected]

SOURCE Axcelis Technologies, Inc.

Axcelis Technologies (ACLS - Free Report) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $1.04 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +1.41%. A quarter ago, it was expected that this semiconductor services company would post earnings of $1.12 per share when it actually produced earnings of $1.49, delivering a surprise of +33.04%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Axcelis, which belongs to the Zacks Electronics - Manufacturing Machinery industry, posted revenues of $198.96 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.00%. This compares to year-ago revenues of $192.56 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Axcelis shares have added about 112.9% since the beginning of the year versus the S&P 500's gain of 7.6%.

What's Next for Axcelis?While Axcelis has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Axcelis was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.78 on $204.4 million in revenues for the coming quarter and $3.54 on $840.2 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Manufacturing Machinery is currently in the top 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

ZoomInfo (GTM - Free Report) , another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 11.

This company is expected to post quarterly earnings of $0.26 per share in its upcoming report, which represents a year-over-year change of +13%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

ZoomInfo's revenues are expected to be $307.63 million, up 0.6% from the year-ago quarter.

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced the company's plans to participate in the following upcoming investor conferences:

The J.P. Morgan 2026 Global Technology, Media and Communications Conference on May 18th at the Westin Boston Seaport District. The 26th Annual B. Riley Investor Conference on Wednesday, May 20th at the Ritz-Carlton, Marina del Rey, CA.   The Stifel 9th Annual Cross Sector Conference on Tuesday, June 2nd at the InterContinental Boston Hotel. The Bank of America Global Technology Conference on Wednesday, June 3rd at the Westin St. Francis Hotel, San Francisco, CA.  About Axcelis:

Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 45 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.

CONTACTS:

Investor Relations Contact:
David Ryzhik
Senior Vice President and Interim CFO
Telephone: (978) 787-2352
Email: [email protected]

Press/Media Relations Contact:
Maureen Hart
Senior Director, Corporate & Marketing Communications
Telephone: (978) 787-4266
Email: [email protected]

SOURCE Axcelis Technologies, Inc.

Also from this source

Vice President and Corporate Controller Todd Sutton reported the sale of 2,000 shares of Axcelis Technologies (ACLS +5.05%) on May 27, 2026, in an open-market transaction as disclosed in the SEC Form 4 filing.

Transaction summaryMetricValueShares sold (direct)2,000Transaction value$319,980Post-transaction shares (direct)6,360Post-transaction value (direct ownership)$1.0 millionTransaction and post-transaction values based on SEC Form 4 reported price ($159.99).

Key questionsHow does this sale compare to Sutton's prior activity?
This is the second open-market sale in the past quarter, both sized between 2,000 and 2,574 shares, reflecting a pattern of sizable but not outlier dispositions relative to available holdings.What proportion of Sutton's remaining equity stake does this represent?
The transaction reduced direct ownership by 23.92%, leaving 6,360 shares.Were any indirect or derivative interests involved in this filing?
No; the filing covers only directly held common shares, with no activity in trusts, LLCs, or option-derived holdings.Is this trading activity being driven by liquidity needs or strategic repositioning?
With holdings declining by over 40% since March and trade sizes matching available capacity, the cadence indicates portfolio management rather than an abrupt strategic shift.Company overviewMetricValuePrice (as of market close May 27, 2026)$159.91Revenue (TTM)$845.44 millionNet income (TTM)$100.87 million1-year price change166.97%*1-year price change calculated using May 27, 2026 as the reference date.

Company snapshotAxcelis Technologies designs, manufactures, and services ion implantation and semiconductor processing equipment, including high energy, high current, and medium current implanters, as well as aftermarket lifecycle products and services.It generates revenue primarily through direct sales of equipment and aftermarket services to semiconductor chip manufacturers.Main customers are semiconductor chip manufacturers operating in the United States, Europe, and Asia.Axcelis Technologies is a leading provider of ion implantation and processing equipment for the semiconductor industry, serving a global customer base. The company leverages decades of engineering expertise to deliver advanced solutions that enable chip manufacturers to produce next-generation semiconductor devices.

Its focus on both new equipment sales and aftermarket services provides diversified revenue streams and supports long-term customer relationships.

What this transaction means for investorsTodd Sutton’s May 27 sale of 2,000 company shares came at a time when Axcelis Technologies stock was up, having reached a 52-week high of $171.61 on May 6. His disposition was likely to capitalize on the share price increase, which hasn’t seen this level since 2023.

With Axcelis stock sporting a price-to-earnings ratio of 47, a high point over the past year, this suggests now is a good time to sell. Shares are elevated because the company reported first quarter sales of $199 million, up from the prior year’s $192.6 million, and forecasted further growth in the second quarter. It anticipates Q2 revenue of about $205 million, which is an increase from the $194.5 million earned in 2025.

Even though the semiconductor industry is experiencing massive growth due to artificial intelligence, and Axcelis Technologies provides essential technology for the manufacturing of AI chips, the company anticipates 2026 revenue will remain essentially flat compared to 2025. Growth in its memory segment is expected to be offset by lower demand in its other divisions.

Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Investors in Axcelis Technologies, Inc. (ACLS - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the June 18, 2026 $115.00 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for Axcelis shares, but what is the fundamental picture for the company? Currently, Axcelis is a Zacks Rank #3 (Hold) in the Electronics - Manufacturing Machinery industry that ranks in the Top 2% of our Zacks Industry Rank. Over the last 60 days, two analysts have increased their earnings estimates for the current quarter, while none have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 78 cents per share to 90 cents in that period.

Given the way analysts feel about Axcelis right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

Posted by Defense World Staff on Apr 8th, 2026

SG Americas Securities LLC grew its holdings in shares of BancFirst Corporation (NASDAQ:BANF – Free Report) by 1,012.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,722 shares of the bank’s stock after purchasing an additional 10,668 shares during the period. SG Americas Securities LLC’s holdings in BancFirst were worth $1,243,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BancFirst Trust & Investment Management boosted its position in shares of BancFirst by 0.8% during the 3rd quarter. BancFirst Trust & Investment Management now owns 886,571 shares of the bank’s stock worth $113,224,000 after acquiring an additional 7,056 shares in the last quarter. Invesco Ltd. boosted its position in shares of BancFirst by 73.4% during the 3rd quarter. Invesco Ltd. now owns 163,512 shares of the bank’s stock worth $20,676,000 after acquiring an additional 69,192 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of BancFirst by 33.5% during the 3rd quarter. Raymond James Financial Inc. now owns 134,175 shares of the bank’s stock worth $16,966,000 after acquiring an additional 33,636 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of BancFirst by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 123,985 shares of the bank’s stock worth $15,678,000 after acquiring an additional 7,846 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of BancFirst by 14.5% during the 3rd quarter. Principal Financial Group Inc. now owns 113,346 shares of the bank’s stock worth $14,333,000 after acquiring an additional 14,333 shares in the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

BancFirst Price Performance Shares of NASDAQ BANF opened at $110.66 on Wednesday. BancFirst Corporation has a twelve month low of $99.78 and a twelve month high of $138.77. The firm has a fifty day simple moving average of $111.28 and a 200 day simple moving average of $112.90. The company has a market capitalization of $3.71 billion, a PE ratio of 15.54 and a beta of 0.61. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF – Get Free Report) last announced its earnings results on Thursday, January 22nd. The bank reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). BancFirst had a return on equity of 13.68% and a net margin of 25.05%.The firm had revenue of $181.00 million for the quarter, compared to the consensus estimate of $173.76 million. On average, sell-side analysts forecast that BancFirst Corporation will post 6.52 EPS for the current year.

BancFirst Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, March 31st. BancFirst’s payout ratio is 27.53%.

Wall Street Analysts Forecast Growth A number of brokerages have weighed in on BANF. Weiss Ratings lowered shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 27th. DA Davidson restated a “neutral” rating and issued a $125.00 target price on shares of BancFirst in a research report on Monday, March 9th. Finally, Keefe, Bruyette & Woods raised their target price on shares of BancFirst from $120.00 to $123.00 and gave the company a “market perform” rating in a research report on Friday, January 23rd. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, BancFirst presently has an average rating of “Hold” and a consensus target price of $124.00.

Check Out Our Latest Stock Analysis on BancFirst

BancFirst Profile (Free Report)

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.

Read More Five stocks we like better than BancFirst Want to see what other hedge funds are holding BANF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BancFirst Corporation (NASDAQ:BANF – Free Report).

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, /PRNewswire/ -- BancFirst Corporation (NASDAQ GS:BANF) reported net income of $63.0 million, or $1.85 per diluted share, for the first quarter of 2026 compared to net income of $56.1 million, or $1.66 per diluted share, for the first quarter of 2025. 

The Company's net interest income for the three-months ended March 31, 2026 increased to $127.6 million compared to $115.9 million for the same period in 2025. Higher loan volume along with general growth in earning assets were the primary drivers of the change in net interest income. Net interest margin was 3.74% for the first quarter of 2026 compared to 3.70% for the first quarter of 2025. The Company recorded a provision for credit losses of $2.1 million and $1.6 million for the quarter-ended March 31, 2026 and 2025, respectively.

Noninterest income for the quarter totaled $51.4 million compared to $49.0 million in the same quarter last year. Trust revenue, services charges on deposits, treasury income, and securities transaction each increased when compared to first quarter of 2025 partially offset by a decrease in insurance commissions.

Noninterest expense grew to $96.8 million for the quarter-ended March 31, 2026 compared to $92.2 million in the same quarter in 2025. The increase in noninterest expense was primarily attributable to the growth in salaries and employee benefits of $4.3 million. The total salaries and benefits expenses recorded of $58.9 million for the period ended March 31, 2026 is after a favorable adjustment to the funded employee benefit trust of $1.8 million. Total noninterest expense for the first quarter of 2026 also reflects conversion expenses related to American Bank of Oklahoma. For the first quarter of 2025 the Company recorded a $4.4 million expense related to the disposition of certain equity investments no longer permissible under the Volcker rule, no such equivalent expense was recorded in 2026

At March 31, 2026, the Company's total assets were $15.1 billion, an increase of $277.6 million from December 31, 2025. Loans grew $51.4 million from December 31, 2025, totaling $8.6 billion at March 31, 2026. Deposits totaled $12.9 billion, an increase of $230.7 million from year-end 2025. Sweep accounts totaled $5.1 billion at March 31, 2026, up $160.2 million from December 31, 2025. The Company's total stockholders' equity was $1.9 billion, an increase of $47.8 million from the end of 2025.

Nonaccrual loans represented 0.72% of total loans at both March 31, 2026 and year-end 2025; nonaccrual loans totaled $62.2 million at the end of the first quarter 2026. The allowance for credit losses to total loans was 1.23% at March 31, 2026 and 1.22% at December 31, 2025. Net charge-offs were $1.5 million for the quarter compared to $503,000 for the first quarter last year.

BancFirst Corporation CEO David Harlow commented, "Strong deposit growth in the quarter, margin expansion, and increases in non-interest income compared to prior year combined to result in a strong quarter for the Company. We also successfully completed the conversion of American Bank of Oklahoma into BancFirst during the quarter. The economy in our region of the country continues to perform well and charge-offs for the quarter were in line with historical levels. Loans were up modestly from year end while credit quality remained solid. With so many variables in play at the macro level of the economy, our longer-term outlook remains a mixed bag and thus we continue to maintain a healthy allowance for credit losses as a percentage of loans."

BancFirst Corporation (the Company) is an Oklahoma based financial services holding company. The Company operates three subsidiary banks, BancFirst, an Oklahoma state-chartered bank with 109 banking locations serving 62 communities across Oklahoma, Pegasus Bank, a Texas state-chartered bank with three banking locations in the Dallas Metroplex area, and Worthington Bank, a Texas state-chartered bank with three locations in the Fort Worth Metroplex area, one location in Arlington Texas and one location in Denton Texas. More information can be found at www.bancfirst.bank.

The Company may make forward-looking statements within the meaning of Section 27A of the securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 with respect to earnings, credit quality, corporate objectives, interest rates and other financial and business matters. Forward-looking statements include estimates and give management's current expectations or forecasts of future events. The Company cautions readers that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, including economic conditions, the performance of financial markets and interest rates; legislative and regulatory actions and reforms; competition; as well as other factors, all of which change over time.  Actual results may differ materially from forward-looking statements.

BancFirst Corporation

Summary Financial Information

(Dollars in thousands, except per share and share data - Unaudited)

2026

2025

2025

2025

2025

1st Qtr  

4th Qtr  

3rd Qtr  

2nd Qtr  

1st Qtr  

 Condensed Income Statements:  

 Net interest income  

$                 127,605

$                 127,667

$                 125,615

$                 121,256

$                 115,949

 Provision for credit losses on loans 

2,578

(1,975)

4,222

1,239

1,461

 (Benefit from)/provision for off-balance sheet credit exposures     

(435)

234

216

148

125

 Noninterest income:

Trust revenue

6,057

5,933

5,850

5,795

5,539

Service charges on deposits

18,042

18,393

18,131

17,741

16,804

Securities transactions

904

964

492

(740)

(333)

Sales of loans

780

781

916

830

636

Insurance commissions

9,440

7,643

8,954

7,920

10,410

Cash management

10,566

10,120

10,338

10,573

10,051

Other

5,602

9,499

5,185

5,929

5,787

Total noninterest income  

51,391

53,333

49,866

48,048

48,894

 Noninterest expense:

Salaries and employee benefits

58,855

58,570

57,681

55,147

54,593

Occupancy expense, net

6,286

6,946

6,434

6,037

5,753

Depreciation

4,816

4,872

4,725

4,691

4,808

Amortization of intangible assets

975

836

862

862

886

Data processing services

3,448

3,041

2,901

2,985

2,892

Net expense from other real estate owned

3,605

12,044

2,778

2,941

2,658

Marketing and business promotion

2,641

3,121

2,126

2,325

2,461

Deposit insurance

1,847

1,692

1,736

1,675

1,725

Other

14,316

16,268

12,829

11,536

16,403

   Total noninterest expense  

96,789

107,390

92,072

88,199

92,179

 Income before income taxes  

80,064

75,351

78,971

79,718

71,078

 Income tax expense  

17,069

15,854

16,317

17,371

14,966

 Net income  

$                   62,995

$                   59,497

$                   62,654

$                   62,347

$                   56,112

 Per Common Share Data:  

 Net income-basic  

$                       1.88

$                       1.78

$                       1.88

$                       1.87

$                       1.69

 Net income-diluted  

1.85

1.75

1.85

1.85

1.66

 Cash dividends declared

0.49

0.49

0.49

0.46

0.46

 Common shares outstanding  

33,575,976

33,539,032

33,329,247

33,272,131

33,241,564

 Average common shares outstanding - 

   Basic 

33,557,536

33,423,922

33,310,290

33,255,015

33,232,788

   Diluted 

34,027,895

33,906,434

33,864,129

33,795,243

33,768,873

 Performance Ratios:  

 Return on average assets

1.71 %

1.60 %

1.76 %

1.79 %

1.66 %

 Return on average stockholders' equity

13.59

13.02

14.18

14.74

13.85

 Net interest margin  

3.74

3.71

3.79

3.75

3.70

 Efficiency ratio  

54.07

59.33

52.47

52.10

55.92

BancFirst Corporation

Summary Financial Information

(Dollars in thousands, except per share and share data - Unaudited)

2026

2025

2025

2025

2025

1st Qtr  

4th Qtr

3rd Qtr

2nd Qtr

1st Qtr  

Balance Sheet Data:

Total assets 

$ 15,116,541

$ 14,838,893

$ 14,198,140

$ 14,045,780

$ 14,038,055

Interest-bearing deposits with banks

4,430,751

4,177,406

3,849,736

3,737,763

3,706,328

Debt securities 

886,519

924,948

1,015,941

1,104,604

1,167,441

Total loans 

8,596,068

8,544,634

8,287,167

8,124,497

8,102,810

Allowance for credit losses 

(105,330)

(104,299)

(99,511)

(96,988)

(100,455)

Noninterest-bearing demand deposits

4,105,840

3,897,613

3,816,389

3,967,626

4,027,797

Money market and interest-bearing checking deposits

5,605,932

5,610,882

5,393,791

5,301,439

5,393,995

Savings deposits

1,391,142

1,318,062

1,251,394

1,205,602

1,174,685

Time deposits

1,798,187

1,843,836

1,656,813

1,581,525

1,530,273

Total deposits 

12,901,101

12,670,393

12,118,387

12,056,192

12,126,750

Stockholders' equity 

1,901,912

1,854,125

1,782,801

1,728,038

1,672,827

Book value per common share 

56.65

55.28

53.49

51.94

50.32

Tangible book value per common share (non-GAAP)(1) 

50.58

49.20

47.71

46.12

44.47

Balance Sheet Ratios: 

Average loans to deposits 

67.02 %

66.43 %

67.32 %

67.11 %

68.08 %

Average earning assets to total assets 

92.84

93.00

93.00

92.97

93.10

Average stockholders' equity to average assets 

12.60

12.33

12.38

12.14

12.00

Asset Quality Data:

Past due loans

$          8,364

$          8,115

$          7,959

$          7,515

$          5,120

Nonaccrual loans (3)

62,178

61,130

57,266

49,878

56,371

Other real estate owned and repossessed assets

53,649

49,134

53,233

53,022

35,542

Nonaccrual loans to total loans

0.72 %

0.72 %

0.69 %

0.61 %

0.70 %

Allowance to total loans

1.23

1.22

1.20

1.19

1.24

Allowance to nonaccrual loans

169.40

170.62

173.77

194.45

178.20

Net charge-offs to average loans

0.02

0.02

0.02

0.05

0.01

Reconciliation of Tangible Book Value Per Common Share (non-GAAP)(2):

Stockholders' equity 

$   1,901,912

$   1,854,125

$   1,782,801

$   1,728,038

$   1,672,827

Less goodwill

183,388

182,739

182,263

182,263

182,263

Less intangible assets, net

20,382

21,357

10,548

11,410

12,272

Tangible stockholders' equity (non-GAAP)

$   1,698,142

$   1,650,029

$   1,589,990

$   1,534,365

$   1,478,292

Common shares outstanding

33,575,976

33,539,032

33,329,247

33,272,131

33,241,564

Tangible book value per common share (non-GAAP) 

$          50.58

$          49.20

$          47.71

$          46.12

$          44.47

(1)

Refer to the "Reconciliation of Tangible Book Value per Common Share (non-GAAP)" Table.

(2)

Tangible book value per common share is stockholders' equity less goodwill and intangible assets, net, divided by common shares outstanding. This amount is a non-GAAP financial measure but has been included as it is considered to be a critical metric with which to analyze and evaluate the financial condition and capital strength of the Company. This measure should not be considered a substitute for operating results determined in accordance with GAAP. 

(3)

Government Agencies guarantee approximately $10.8 million of nonaccrual loans at March 31, 2026.

BancFirst Corporation

Consolidated Average Balance Sheets

And Interest Margin Analysis

Taxable Equivalent Basis

(Dollars in thousands - Unaudited)

Three Months Ended

March 31, 2026

Interest

Average

Average

Income/

Yield/

Balance

Expense

Rate

ASSETS

Earning assets:

  Loans

$         8,550,328

$           144,317

6.85

%

  Securities – taxable

901,732

5,873

2.64

  Securities – tax exempt

7,545

66

3.56

  Interest bearing deposits with banks and FFS

4,392,801

40,082

3.70

     Total earning assets

13,852,406

190,338

5.57

Nonearning assets:

  Cash and due from banks

225,545

  Interest receivable and other assets

947,400

  Allowance for credit losses

(104,409)

     Total nonearning assets

1,068,536

     Total assets

$       14,920,942

LIABILITIES AND STOCKHOLDERS' EQUITY

Interest bearing liabilities:

  Money market and interest-bearing checking deposits     

$         5,594,239

$             35,318

2.56

%

  Savings deposits

1,350,444

8,938

2.68

  Time deposits

1,819,643

16,972

3.78

  Short-term borrowings

15,096

142

3.82

  Long-term borrowings

6,144

42

2.77

  Subordinated debt

86,219

1,030

4.85

  Other liabilities

16,725

133

3.23

     Total interest bearing liabilities

8,888,510

62,575

2.86

Interest free funds:

  Noninterest bearing deposits

3,994,201

  Interest payable and other liabilities

158,808

Equity

1,879,423

     Total interest free  funds

6,032,432

     Total liabilities and stockholders' equity

$       14,920,942

Net interest income

$           127,763

Net interest spread

2.71

%

Effect of interest free funds

1.03

%

Net interest margin

3.74

%

SOURCE BancFirst

Posted by Defense World Staff on Apr 27th, 2026

BancFirst Corporation (NASDAQ:BANF – Get Free Report) Director David Rainbolt sold 650 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $115.02, for a total value of $74,763.00. Following the completion of the transaction, the director directly owned 206,823 shares of the company’s stock, valued at $23,788,781.46. This trade represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

BancFirst Stock Performance Shares of BANF opened at $113.53 on Monday. The stock has a 50 day moving average price of $111.05 and a 200 day moving average price of $111.65. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 15.55 and a beta of 0.61. BancFirst Corporation has a 52-week low of $101.48 and a 52-week high of $138.77.

BancFirst (NASDAQ:BANF – Get Free Report) last announced its quarterly earnings results on Thursday, April 16th. The bank reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. The firm had revenue of $179.00 million during the quarter, compared to the consensus estimate of $177.19 million. BancFirst had a return on equity of 13.84% and a net margin of 31.71%.During the same period in the prior year, the company posted $1.66 earnings per share. Research analysts predict that BancFirst Corporation will post 7.36 EPS for the current fiscal year.

BancFirst Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, March 31st. BancFirst’s dividend payout ratio is 26.85%.

Wall Street Analysts Forecast Growth BANF has been the subject of a number of research analyst reports. Weiss Ratings raised BancFirst from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, April 16th. Keefe, Bruyette & Woods increased their price objective on BancFirst from $120.00 to $123.00 and gave the company a “market perform” rating in a report on Friday, January 23rd. Finally, DA Davidson reissued a “neutral” rating and issued a $125.00 price objective on shares of BancFirst in a report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $124.00.

View Our Latest Analysis on BANF

Institutional Investors Weigh In On BancFirst Large investors have recently modified their holdings of the company. Quarry LP boosted its holdings in shares of BancFirst by 531.4% in the third quarter. Quarry LP now owns 221 shares of the bank’s stock valued at $28,000 after acquiring an additional 186 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of BancFirst in the third quarter valued at approximately $35,000. Allworth Financial LP boosted its holdings in shares of BancFirst by 47.5% in the third quarter. Allworth Financial LP now owns 295 shares of the bank’s stock valued at $37,000 after acquiring an additional 95 shares during the period. Eagle Bay Advisors LLC acquired a new stake in shares of BancFirst in the fourth quarter valued at approximately $40,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of BancFirst in the fourth quarter valued at approximately $41,000. 51.72% of the stock is owned by institutional investors and hedge funds.

BancFirst Company Profile (Get Free Report)

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.

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Investors in BancFirst Corporation (BANF - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the June 18, 2026 $65.00 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for BancFirst shares, but what is the fundamental picture for the company? Currently, BancFirst is a Zacks Rank #2 (Buy) in the Banks - Southwest industry that ranks in the Top 30% of our Zacks Industry Rank. Over the last 60 days, one analyst has increased the earnings estimate for the current quarter, while none have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.71 per share to $1.82 in that period.

Given the way analysts feel about BancFirst right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

BancFirst (BANF - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.

As such, the Zacks rating upgrade for BancFirst is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for BancFirst imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for BancFirstFor the fiscal year ending December 2026, this Oklahoma financial services holding company is expected to earn $7.36 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for BancFirst. Over the past three months, the Zacks Consensus Estimate for the company has increased 3.4%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of BancFirst to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.